On Apr 2, 2011, at 3:04 PM, mckenna...@aol.com wrote:
Hi Jim,
Martic Cohen says hi!
I shared your response with the Anthro list and the Anthro Man
rejected what you had to say. Here is what he said in response to you:
For Marx the employer is depriving the employee of compensation when
he devotes surplus to investment...
This is nonsense. When surplus-value is channeled into investment, it
goes to productive laborers. When it goes into consumption it goes
(mostly) to unproductive laborers like servants. But nobody is
"deprived" of "compensation" because labor-power, a "commodity" under
the capitalist mode of production, is compensated (on average) *at its
value*. Surplus-value is not a "deduction" (like the physical surplus
taken by the ruling class in pre-capitalist modes of production) but a
*new product* expressing a definite, socially determined, *rate of
exploitation* of productive labor. This is ABC for anyone who has
read and understood Volume I of Das Kapital.
Shane Mage
This cosmos did none of gods or men make, but it
always was and is and shall be: an everlasting fire,
kindling in measures and going out in measures."
Herakleitos of Ephesos
_______________________________________________
pen-l mailing list
pen-l@lists.csuchico.edu
https://lists.csuchico.edu/mailman/listinfo/pen-l
